AI market peak possibility... Selby warns over Anthropic IPO

Anthropic has set an IPO price range of $70–$78 per share, implying a valuation of $1.3–$1.4 trillion—below the $2 trillion figure previously floated. Veteran investor Jack Selby warned the listing could mark the peak of the AI market, citing the potential for a correction once lock-up periods expire. He pointed to Anthropic's staggered insider share-sale schedule as a factor that could extend selling pressure over time. The warning matters because Anthropic is among the largest AI names to test public markets, making its debut a bellwether for AI-related valuations across equities and crypto. What to watch next: the final IPO pricing, the lock-up expiry timeline, and whether AI-linked tokens and equities hold up once insider supply begins to hit the market.